209 - 3852 Finch Ave E, Toronto, ON M1T 3T9
Brokerage #13763
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Brokerage #13763
Buying, refinancing, renewing, or unlocking equity — our FSRA-licensed brokers compare 50+ lenders and find your best deal. Free advice, FSRA licensed, same-day response.
Illustrative only. Actual payment may vary by lender and qualifying profile.
Full Calculator SuiteA mortgage is a secured loan used to finance the purchase of real estate. In Ontario, your home acts as collateral — meaning the lender holds a registered interest in your property until the loan is fully repaid. Most mortgages are amortized over 25 years, with terms renewing every 1–5 years.
lendsimpl works with A-lenders (major banks and credit unions), B-lenders (alternative lenders like Home Trust and Equitable Bank), and private mortgage lenders — giving you access to a full spectrum of financing options regardless of your credit, income type, or property situation.
Not sure which is right for you? Talk to a broker — it's free
Our interactive mortgage payment calculator gives you instant estimates — adjust home price, down payment, rate, and amortization to see monthly and bi-weekly payments in real time.
Illustrative only. Actual payment may vary by lender and qualifying profile.
Full Calculator SuiteFrom first purchase to refinance, renewal, and equity access — lendsimpl covers every mortgage type with one application across 50+ lenders.
Buy your first or next home with the best rate and lowest closing costs. We compare all lenders — banks, credit unions, and mono-lenders.
Don't auto-renew at your bank's posted rate. Compare 50+ lenders before your term ends and save thousands.
Lower your rate, access home equity, or consolidate debt. We calculate break penalties vs savings to find your optimal timing.
A home equity line of credit gives you revolving access to your equity at prime-based rates — ideal for renovations or investments.
Equity-based loans for borrowers banks won't approve — self-employed, bad credit, power of sale, or urgent closings.
Roll high-interest credit card and loan debt into a low mortgage payment. Reduce monthly obligations by hundreds of dollars.
From first call to keys-in-hand. We handle the complexity so you don't have to.
Tell us your goals — purchase, renewal, refinance, or equity access. No credit pull, no commitment.
We assess your profile: income, credit, down payment, employment. Zero impact on your credit score.
We match your profile against our full lender network — banks, credit unions, B-lenders, and private.
We present your best options with clear rate hold commitments — typically 90–120 days.
We handle all paperwork, coordinate with lenders, and keep you updated at every stage.
Lender confirms property value and issues a formal mortgage commitment letter.
Your lawyer reviews, you sign, and funds are registered. We coordinate title insurance.
Mortgage live. We stay available for renewals, refinances, and future questions .
Every borrower situation is different. lendsimpl assesses your full profile — income, credit, down payment, and property — and finds the right lender tier for you, from major banks to private financing.
A-lenders require 620–680+. B-lenders work from 450. Private lenders focus on equity, not credit — a score of 0 is acceptable with enough down payment.
Salaried, contract, self-employed, or rental income all qualify with the right lender. We access programs that accept stated income, bank statements, or business financials.
Minimum 5% on homes under $500K. 20% eliminates CMHC insurance. Private mortgages typically require 20–25% equity or down payment.
GDS (housing costs / income) should be below 39% and TDS (all debts / income) below 44% for A-lenders. We model your exact ratios before applying.
We compare rates daily across our full lender network. The rates shown are our best available — actual approval depends on your qualifying profile.
Low rates are just part of the picture. Prepayment privileges, portability, and penalty calculations matter just as much. We model the full cost of each option for you.
Rates as of March 2026. Subject to qualifying. Updated regularly.
Run the numbers before you talk to a broker. No sign-up required.
Bi-weekly & monthly payment at today's best rates.
Try it freeCompare staying vs switching — penalty-vs-savings analysis.
Try it freeBudget, down payment, CMHC insurance, and total costs.
Try it freeLegal fees, land transfer tax, title insurance.
Try it freeOntario & Toronto LTT with first-time buyer rebates.
Try it freePrivate mortgage payments, lender fees, B-lender comparisons.
Try it free"lendsimpl found us a rate 0.45% lower than our bank quoted. On a $750,000 mortgage, that's real money. The process was fast, honest, and available. We closed in 3 weeks."
"I'm self-employed and every bank said no. lendsimpl submitted my application to a lender I'd never heard of and got me approved with a fair rate within 48 hours. Genuinely life-changing."
"Renewal time came and I was about to just sign with my current bank. lendsimpl saved me over $6,000 over the next term by switching lenders. Wish I'd called sooner."
"First-time buyers — we had no idea what we were doing. lendsimpl walked us through everything, helped us understand the stress test, and got us pre-approved in one day. Couldn't recommend more."
"Bad credit from a difficult couple of years. lendsimpl was honest about our options, didn't judge us, and helped us into a home we could actually afford. The path they mapped out to refinance with an A-lender later was invaluable."
"I needed cash from my home equity for a renovation and wasn't sure if HELOC or refinance was better. lendsimpl modelled both scenarios, saved me on interest, and had everything sorted in 10 days."
From first home to investment portfolio. Every mortgage solution under one FSRA-licensed roof.
Pre-approval, purchase financing, and down payment planning. First home to investment property.
Lower your rate, access equity, or consolidate debt with a mortgage refinance.
Don't auto-renew. Compare 50+ lenders and keep thousands more in your pocket.
Unlock home equity as a revolving credit line for renovations, investments, or emergencies.
Alternative lending for complex situations banks won't touch. Fast approvals.
Combine high-interest debt into one low mortgage payment. Save hundreds monthly.
Live comparison across 50+ lenders. Fixed, variable, insured & conventional.
Stated income and bank-statement programs for business owners and contractors.
Financing for mixed-use, multi-family, office, retail, and industrial properties.
Equity-based approvals and credit rebuilding for challenged borrowers.
Ontario rebates, FHSA, incentives, and step-by-step guidance.
Payment, renewal, purchase, closing costs, land transfer tax, and private mortgage.
We serve all of Ontario. Local knowledge, province-wide lender network.
We serve all of Ontario — local knowledge, province-wide lender network.
10 expert answers about mortgages in Ontario.
Ontario's mortgage market is the most competitive in Canada, with over 50 lenders competing for your business — from the Big Five banks to credit unions, monoline lenders, B-lenders, and private mortgage corporations. A licensed mortgage broker acts as your advocate in this market, presenting your application to multiple lenders simultaneously and negotiating the best terms on your behalf. Unlike a bank, which can only offer its own products at its posted rates, a broker like lendsimpl has full market access and is paid by the lender you choose — not by you.
The Canadian mortgage system has several key mechanisms every borrower must understand. The federal stress test requires you to qualify at the higher of your contracted rate plus 2%, or 5.25% — regardless of what rate you actually receive. This protects borrowers from payment shock if rates rise. CMHC mortgage insurance is mandatory for down payments below 20%, adding 2.80–4.00% to your mortgage balance in exchange for lower rates from insured lenders. And the Bank of Canada's overnight rate directly influences variable mortgage rates, while bond yields drive fixed mortgage pricing — two very different rate drivers that a good broker helps you navigate.
The mortgage decision is one of the largest financial commitments most Canadians ever make. At lendsimpl, our FSRA-licensed brokers (Brokerage #13763) work exclusively for you — not the lender. We compare every product across our full network, model the total cost of ownership including penalties and portability, and provide transparent, unbiased advice. Whether you're buying your first home in Toronto, refinancing a property in Mississauga, or seeking private financing across Ontario, lendsimpl delivers a free, professional service that consistently outperforms what bank advisors can offer.
Our FSRA-licensed brokers compare 50+ lenders and recommend the best path for your situation. No hard credit pull. No obligation. Same-day response.